Okta, Inc. (NASDAQ: OKTA) is an identity and access management company founded in 2009 by Todd McKinnon and Frederic Kerrest. Headquartered in San Francisco, Okta provides cloud-based identity services that help organizations manage and secure user authentication.
Products and Platform
Okta operates two main product lines.
The Workforce Identity Cloud includes Single Sign-On (SSO) for unified access to applications with one set of credentials, Adaptive Multi-Factor Authentication for context-aware employee authentication, Lifecycle Management for automated user provisioning and deprovisioning, and Universal Directory as a cloud-based user store integrating multiple identity sources.
The Customer Identity Cloud came through Okta’s $6.5 billion acquisition of Auth0 in 2021. This developer-focused identity platform offers Authentication APIs with embeddable login and registration flows, Authorization for fine-grained access control, and Machine-to-Machine Auth for API authentication in service-to-service communication.
Okta has also unveiled newer products including the Identity Security Fabric at Oktane 2025, a unified identity security architecture, and Okta for AI Agents, a governance framework for non-human identities and AI agents.
Financials
In FY2025 (January 2025), Okta reported $2.61 billion in revenue with 15% year-over-year growth. Subscription revenue hit $2.56 billion with 16% YoY growth. Non-GAAP operating income was $587 million at a 22% margin. FY2026 revenue guidance is $2.91 billion. The company has a market cap of approximately $16 billion.
Industry Standing
Okta is the largest independent identity platform, operating at nearly three times the revenue of its nearest pure-play competitor. The company faces competition from Microsoft Entra ID (formerly Azure AD), which is bundled with Microsoft 365. Okta’s strategy centers on neutrality, supporting all clouds, all devices, and all application types without vendor lock-in.